By Laura Lutz
Des Moines, May 3 - Diamond Fields International Ltd. arranged a private placement of shares for up to $10 million.
The company plans to sell up to 66,666,666 common shares at $0.15 each.
Ferris, Baker Watts Inc. is the agent.
Proceeds will be used for exploration and working capital.
Diamond Fields is a marine diamond producer based in Cape Town, South Africa.
| Issuer: | Diamond Fields International Ltd.
|
| Issue: | Common shares
|
| Amount: | $10 million
|
| Shares: | 66,666,666
|
| Price: | $0.15
|
| Warrants: | No
|
| Agent: | Ferris, Baker Watts Inc.
|
| Pricing date: | May 3
|
| Stock symbol: | Toronto: DFI
|
| Stock price: | C$0.165 at close May 3
|
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